[MARKET UPDATE] Precious metals extend on record levels with spot silver topping USD 107/oz after gaining around 3.8%, while spot gold briefly climbed above USD 5050/oz for the first time
The significant upward movement in precious metals, particularly with spot silver surpassing USD 107 per ounce and gold exceeding USD 5050 per ounce, indicates strong demand and possibly heightened inflation concerns.
PBoC sets USD/CNY mid-point at 6.9843 vs exp. 6.9292 (Prev. 6.9929)
Korea Exchange activates sidecar on KOSDAQ after KOSDAQ 150 futures gained 6%, while program trading is halted for 5 minutes
[MARKET UPDATE] Precious metals extend on record levels with spot silver topping USD 107/oz after gaining around 3.8%, while spot gold briefly climbed above USD 5050/oz for the first time
Express reports thousands of travellers have been forced to evacuate Miami Airport following reports of a security incident
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Simple Mart is to acquire OKmart for TWD 125mln
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This surge may reflect safe-haven buying amidst economic uncertainty, which typically supports the commodities market, while also influencing related markets like FX and equities as investors seek protection against currency depreciation.
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